Vice President, Product Salary at Rocket Loans BETA

How much does a Rocket Loans Vice President, Product make?

As of December 2024, the average annual salary for a Vice President, Product at Rocket Loans is $103,598, which translates to approximately $50 per hour. Salaries for Vice President, Product at Rocket Loans typically range from $93,180 to $113,556, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Rocket Loans Overview

Website:
rocketloans.com
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
Financial Services

Copyright protected 2020 RockLoans Marketplace LLC. All rights reserved. 1Based on Quicken Loans data in comparison to public data records. All loans are made by Cross River Bank, a New Jersey state chartered commercial bank, Member FDIC, Equal Housing Lender. All loans are unsecured, fully amortizing personal loans. Eligibility for a loan is not guaranteed. Please refer to our Disclosures and Licenses page for state-required disclosures, licenses, and lending restrictions. Qualified clients using Rocket Loans will see loan options for a 36 or 60 month term, and APR ranges from a minimum of 7.161% (rate with autopay discount) to a maximum of 29.99% (rate without autopay discount) depending upon their credit profile. An origination fee of 1% - 6% is charged for each loan. This fee is deducted from the balance before funds are disbursed to the client. For example, a 5 year $10,000 loan with a 10.5% interest rate and a 2.99% ($299) origination fee would have 60 scheduled monthly payments of $214.94 for an APR of 11.855% (rates assume autopay discount). Borrower must be a U.S. citizen or permanent U.S. resident at least 18 years of age (in Nebraska and Alabama a borrower must be at least 19 years of age). All loan applications are subject to credit review and approval and offered loan terms depend upon credit score, requested amount, requested loan term, credit usage, credit history and other factors. Not all borrowers receive the lowest interest rate. To qualify for the lowest rate, you must have excellent credit, meet certain conditions, and select autopay. Rates and Terms are subject to change at any time without notice. Same Day Funding available for clients completing the loan process and signing the Promissory Note by 1:00PM ET on a business day. Also note, the ACH credit will be submitted to your bank the same business day. This may result in same day funding, but results may vary and your bank may have rules that limit our ability to credit your account. We are not responsible for delays which may occur ...

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What Skills Does a person Need at Rocket Loans?

At Rocket Loans, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Product Management: Product management is an organisational lifecycle function within a company dealing with the planning, forecasting, and production, or marketing of a product or products at all stages of the product lifecycle. Similarly, product lifecycle management (PLM) integrates people, data, processes and business systems. It provides product information for companies and their extended supply chain enterprise. The role may consist of product development and product marketing, which are different (yet complementary) efforts, with the objective of maximizing sales revenues, market share, and profit margins. Product management also involves elimination decisions. Product elimination begins with the identification of elimination candidates, proceeds with the consideration of remedial actions, continues with a projection of the impact on the business as a whole if a candidate product is eventually eliminated, and concludes with the implementation stage, where management determines the elimination strategy for an item. The product manager is often responsible for analyzing market conditions and defining features or functions of a product and for overseeing the production of the product. The role of product management spans many activities from strategic to tactical and varies based on the organizational structure of the company. To maximize the impact and benefits to an organization, Product management must be an independent function separate on its own.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Agile: Agile is a development process where feedback is continuously gathered from users to create the best user experience.
  4. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  5. Product Development: Overseeing the creation of new products or improvement of the performance, cost, or quality of existing products to achieve business goals.

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Check more jobs information at Rocket Loans

Job Title Average Rocket Loans Salary Hourly Rate
2 Software Architect $122,091 $59
3 Software Engineer $101,874 $49
4 Software Quality Assurance Engineer $72,145 $35
5 Director, Fraud Prevention $106,926 $51
6 Director, Special Projects $144,559 $69
7 Enterprise Data Architect $122,550 $59
8 Operational Specialist $37,643 $18
9 Operations Specialist $56,214 $27
10 Product Owner $119,224 $57
11 Project Manager, Marketing $98,082 $47
12 Senior Software Engineer $101,874 $49
13 Software Quality Engineer $55,399 $27

Hourly Pay at Rocket Loans

The average hourly pay at Rocket Loans for a Vice President, Product is $50 per hour. The location, department, and job description all have an impact on the typical compensation for Rocket Loans positions. The pay range and total remuneration for the job title are shown in the table below. Rocket Loans may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $103,598 look to you?

FAQ about Salary and Jobs at Rocket Loans

1. How much does Rocket Loans pay per hour?
The average hourly pay is $50. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Rocket Loans?
According to the data, the highest approximate salary is about $113,556 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Rocket Loans?
According to the data, the lowest estimated salary is about $93,180 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.